The Repo Market Awaits
                                                                            By Greg Canavan
.... Politicians may be our nominal leaders...but the bankers sustain the politicians. Therefore the bankers call the shots.... Central banks...commercial banks...they're all complicit. After they stuffed debt down people's throats for decades, the world threw up on them in 2008. This created a problem. The bankers were losing control. But like cornered rats, the banks fought back. They have survived and grown bigger, sinking their teeth into the real economy. The big players have completely commandeered the world's resources for themselves....

.....Because while you're focusing on Greece or China or something else tangible, the real danger lies where you can't see. It's deep in the plumbing of the financial system...the repo market and derivatives. We're convinced that the next blow-up will come from deep within the bowels of the financial system....There will be other blow-ups before the US. Europe is first in line, Japan is next.

Here's a chart from Fitch Ratings that shows the increased use of 'repo' by US MMFs: